James Howells, the British man who Famous lost access Up to 8,000 bitcoin at a landfill accident in 2013 is the record. Howells take to X (formerly Twitter), Howells pushed back Against recent social media claims that he has given up his search. He firmly denied the rumors and revealed a new strategy to reclaim his lost fortune, now worth around $ 923 million. Although he is no longer looking for permission from his city council to search the landfill, he is far from it.
Howell’s invalid rumors, is planning to change $ 1 billion in Bitcoin in Ceiniog Coin
In the post shared on X, Howells confirmed that he did not give up and specified years of rejection of rejection Newport City Council. For more than ten years he says that he has offered public proposals, legal conversations, mediation and even more than $ 30 million to restore the disk buried in the landfill. “$ 1 billion and they all ignored it,” he wrote. He decided to stop waiting without a response from the council.
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Instead of making legal fights or more offers, Howells announced a new plan: the entire wallet of 8,000 BTC in a new cryptocurrency called Ceiniog Coin (Ini). Named after an old Welsh Munt, Ceiniog will act as a Layer 2 token built on Bitcoin, corresponding to 1: 1 with Satoshis, The smallest unit of Bitcoin. He plans to make 800 billion Ini -Tokens, each connected directly to the 8,000 BTC sitting the lost drive.
According to Howells, Ceiniog will be launched at the end of 2025, driven by Bitcoin’s Op_Return functionality. It will integrate with web3 projects such as stacks, runes and ordinals. With the ICO Planned later this year, Howells hopes that the market value of the currency will eventually correspond to that of the lost BTC, making it a theoretical billionaire, only 8.34% away from that purpose based on Current prices.
How he lost the Bitcoin and what he did to get it back
The Saga started in 2013, when James Howells, a British IT professional, thrown away by accident A hard disk that contained the keys up to 8,000 BTC, now worth nearly a billion dollars. Howells realized the error too late and spent the next 12 years Try to restore it.
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He submitted detailed recovery proposals, including cleaning up the environment and AI-driven landfill scans. He even offered to pick up $ 75 million by selling 21% of the value of the Bitcoin to finance the excavation. His most recent formal offer in July 2025, worth $ 33 million and $ 40 million, included a full purchase of the landfill and a clean -up strategy. With reference to environmental risks And lack of trust in the outcome, the Newport city council rejected the plan.
Now, instead of digging by dumping waste, Howells Ciniog Coin builds as his way to reclaim what he believes he is lawful. He plans to make the coin debut with a discount, so that early supporters buy in before the coin reaches its full value. After a while he hopes that the value of the token will of course increase to display the value of 8,000 Bitcoin.
Featured image of Unsplash, graph of TradingView.com